PIA Not Allowed to Have Regular Bank Account in India

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Abbas Ali
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PIA Not Allowed to Have Regular Bank Account in India

Post by Abbas Ali »

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According to news sources, authorities in India have refused to regularize PIA bank account.

The closure/freezing of airline's temporary bank account may affect its tickets sales/revenue in India.

PIA operates flights between Lahore and Delhi with ATR turboprop aircraft.

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Abbas Ali
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Re: PIA Not Allowed to Have Regular Bank Account in India

Post by Abbas Ali »

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PIA bank account is not renewed under some new rules/regulations in India. PIA going to the High Court of Delhi.

The unresolved issue may even result in the end PIA flights for India.

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BJ911
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Re: PIA Not Allowed to Have Regular Bank Account in India

Post by BJ911 »

Lahore - New Delhi flight is more than loss making. its a politically motivated route having very less load in even ATR-72 aircrafts. (PK 270/271) is performed twice weekly :-k

Better for PIA to close this route once and for all.
ammad
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Re: PIA Not Allowed to Have Regular Bank Account in India

Post by ammad »

BJ911 wrote: Wed Oct 17, 2018 8:47 pm Lahore - New Delhi flight is more than loss making. its a politically motivated route having very less load in even ATR-72 aircrafts. (PK 270/271) is performed twice weekly :-k

Better for PIA to close this route once and for all.
PIA took right step by petitioning to the court. If court decide against PIA, as a protest PIA should close this route. This way bias of court will also become obvious too.
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Abbas Ali
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Re: PIA Not Allowed to Have Regular Bank Account in India

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Reserve Bank of India has ordered a privately-owned bank to freeze bank accounts of PIA and its staff stationed in India immediately.

Transaction of money from accounts of the airline and its staff has been stopped.

https://e.jang.com.pk/10-18-2018/lahore ... ame=44.png

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Abbas Ali
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Re: PIA Not Allowed to Have Regular Bank Account in India

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Indian authorities have ordered freezing of PIA bank accounts. Under some new rules & regulations in India, the Pakistani airline's sales office is not allowed to renew its bank account(s).

In 2012, PIA had applied for opening of new bank accounts. However, five months ago the airline was informed that it cannot open account due to security clearance not given by India's Ministry of Home Affairs.

On this issue, PIA has decided to go to the High Court of Delhi.

https://e.dunya.com.pk/detail.php?date= ... 8_95671757

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Abbas Ali
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Re: PIA Not Allowed to Have Regular Bank Account in India

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According to Pakistan's Ministry of Foreign Affairs spokesperson:

* PIA is facing problem with the regularization of airline's accounts in India.
* High Commission of Pakistan in India is in touch with PIA on the issue.
* PIA has taken the matter to a High Court in India.

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